Home Loan
Your Dream Home Starts Here
Our services
Start Your Journey Today
"Find Your Dream Home with a Loan That Works for You Home Loans Made Simple Get the Keys to Your New Home Unlock the Door to Your New Home with Our Financing Options Your Path to Homeownership Starts Here Affordable Rates, Flexible Terms – Let’s Find the Perfect Mortgage From Pre Approval to Closing Were Here Every Step of the Way No Hidden Fees Just Clear Honest Financing First Time Buye ? Get Expert Guidance Through Every Step
What we offer
Features and Benefits of our Home Loan
Massa ornare fames montes ullamcorper aenean nisi risus. Maecenas ultrices finibus auctor aptent facilisis taciti.
It sounds like you’re referencing home loan options, where various institutions offer competitive interest rates and affordable EMIs (Equated Monthly Installments). If you’re looking for advice on choosing the best home loan, here’s a quick guide on what to consider:
- Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
- Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
- Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
- NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.
Home Loan Eligibility
The basic home loan eligibility criteria are as follows:
Age:
- You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
- Salaried Person – 21 years to 58 years
- Self-Employed Person – 25 years to 65 yearrs
Income :
- Salaried Person – Minimum Rs. 10,000 per month
- Self-Employed Person – Minimum Rs. 2,00,000 per year
Employment:
- A credit score of 750 is considered a good score for approval.
Documentation for Home Loan
Income Proof Documents
- Form 16
- Employee Identity Card
- 3 Months Salary Slip
- 6 Month Bank Account Statement
- Duration of Employment Evidence
2. Self-Employed Individuals
- PAN
- Trade License
- Partnership Deed
- Article of Association
- Memorandum of Association
- Import Export Code
- SEBI Registration Certificate
- ROC Registration Certificate
- Financial Statement Audited by CA
- Profit & Loss Account Statement
- Balance Sheet
- 6 Months Bank Account Statement
- Professional Practice License for Doctors, Consultants, etc
- Registration Certificate of Establishment for Shops, Factories, and Other Establishments
- Business Address Proof
3. Documents Required from all Non-Resident Indians (NRIs) Applicants
- Income Proof Documents for NRI
- Property Papers
- Property Documents
- Sale Deed
- Stamped Agreement of Sale
- Allotment Letter
- No Objection Certificate or NOC
- Housing Society
- Builder
- Possession Certificate
- Land Tax Receipt
- Construction Cost Estimate
- Bank Account Statement of Payment Made to Seller or Builder
- Payment Receipt of Payment Made to Seller or Builder
- Incase of resale property share certificate is required
- Occupancy Certificate
Home Loan
Frequently ask questions.
Home Loan FAQs
A home loan is a loan used to buy a home. It is repaid over 15 to 30 years and is secured by the property being purchased. If the borrower fails to repay, the lender can take possession of the property
To qualify for a home loan, you typically need a good credit score (usually above 620), a steady income, and a low debt-to-income ratio. Lenders also consider your employment history. If you meet all of the lenders perimeters than you are eligible for a home loan
Yes, you can usually prepay your home loan in two ways such as full prepayment and part prepayment. If you have the remaining principle amount availabe with then you can fully pay the amount and close the loan or the payment also can be made in parts and the principle will be reduced by the same amount.
No, it is not possible to secure 100% loan from the bank.However banks provide upto 90-95% of the agreement value
The maximum home loan that you can get is not capped by any amount but it is given on the basis of the agreement value and also the borrorwers income eligibilty and credit history. generally banks provide 90-95% of the agreement value.
Salaried professionals applying for a home loan need to provide proof of identity, address, and income, along with employment proof, Professional certificate income tax returns, property documents, bank statements,
Invest in Innovation, Invest in the Future!
Mauris leo eleifend adipiscing inceptos finibus faucibus sem dolor hendrerit posuere augue. Morbi est torquent himenaeos scelerisque sed.
1st floor,2nd Shop,352,1st Main Rd,Gangappa Layout ,Pai Layout, Mahadevapura,Bengaluru,Karnataka
Pages
Signup our newsletter to get update information, news, insight or promotions.
Copyright © 2025 Vaikunta Financial service All rights reserved. Powered by Infocrate technologies